Macroaxis considers Curtiss Wright not too risky given 1 month investment horizon. Curtiss Wright secures Sharpe Ratio (or Efficiency) of 0.4653 which signifies that Curtiss Wright had 0.4653% of return per unit of risk over the last 1 month. Our philosophy towards foreseeing volatility of a stock is to use all available market data together with company specific technical indicators that cannot be diversified away. We have found twenty technical indicators for Curtiss Wright Corporation which you can use to evaluate future volatility of the firm. Please makes use of Curtiss Wright Coefficient Of Variation of 209.31, Risk Adjusted Performance of 0.117 and Mean Deviation of 0.7624 to double-check if our risk estimates are consistent with your expectations.
|Investment Horizon||30 Days Login to change|
Curtiss Wright Market Sensitivity
|As returns on market increase, Curtiss Wright returns are expected to increase less than the market. However during bear market, the loss on holding Curtiss Wright will be expected to be smaller as well.One Month Beta |Analyze Curtiss Wright Demand TrendCheck current 30 days Curtiss Wright correlation with market (DOW)|
β = 0.3888
Projected Return Density Against MarketAllowing for the 30-days total investment horizon, Curtiss Wright has beta of 0.3888 . This suggests as returns on market go up, Curtiss Wright average returns are expected to increase less than the benchmark. However during bear market, the loss on holding Curtiss Wright Corporation will be expected to be much smaller as well. Moreover, Curtiss Wright Corporation has an alpha of 0.4252 implying that it can potentially generate 0.4252% excess return over DOW after adjusting for the inherited market risk (beta).
Allowing for the 30-days total investment horizon, the coefficient of variation of Curtiss Wright is 214.9. The daily returns are destributed with a variance of 0.99 and standard deviation of 0.99. The mean deviation of Curtiss Wright Corporation is currently at 0.75. For similar time horizon, the selected benchmark (DOW) has volatility of 0.23